Passionate and experienced crypto trader eager to connect and share insights within the Binance community. Over 10 years in the forex and crypto trading space.
New Crypto Tax Rates in Indonesia Effective from August 1
🔺️Higher Seller Taxes: Domestic crypto sales taxed at 0.21% (up from 0.1%), and foreign platform sales at 1% (up from 0.2%).
🔺️Mining & VAT Updates: Mining VAT doubles to 2.2%; buyer VAT removed to promote retail adoption.
🔺️Regulatory Shift: Crypto supervision moves from the Commodity Regulator to OJK and Bank Indonesia.
🔺️Market Impact: Higher foreign tax may shift trading to local exchanges; small miners face higher costs.
Impact on the Indonesian Market
Due to the sharp hike in taxes on foreign exchanges, trading activity is likely to be redirected toward domestic platforms. Alongside the removal of preferential mining tax treatment, this could lead to market consolidation among large-scale miners. Despite the long-term benefits, if a grace period is not provided, smaller players may face temporary disruptions or risk non-compliance.
Scalping is a fast-paced trading strategy aiming for small, frequent profits from tiny price changes.
How to:
❇️ Ultra-Short Timeframes: Use 1-minute or 5-minute charts.
❇️ High Liquidity Assets: Trade popular pairs like BTC/USDT, ETH/USDT for easy entry/exit.
❇️ Memecoins are boss! quick in and outs for easy profits. ❇️ Tiny Profits, High Volume: Aim for small gains like $1 per trade, repeated many times.
Remember: We are trading with high Leverage which is extremely risky; amplifies both gains and losses. Use with extreme caution.
Critical Risk Management: Strict Stop-Loss: Always set a tight stop-loss to limit losses. Small Position Sizes: Risk only a tiny fraction of your capital per trade. Discipline: Stick to your plan; emotions are your enemy.
Warning: Scalping is very demanding and high-risk. Always ask the community for trading tips if you are new to trading.
How I started earning $5 to $10 daily on Binance without investment 💸
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